As part of the Fed’s year-long review of its monetary policy strategy, tools and communications practices, the St. Louis Fed is assembling members of its six advisory councils, representing a geographically and industry-diverse group of stakeholders.

St. Louis Fed President James Bullard said he expects U.S. economic growth to be about 3 percent through the second half of this year and all through next year. He cited some bullish factors for the U.S. economy, including the recent decline in oil prices if it is maintained.